AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
HPCL Brings Energy Leaders, Researchers and Startups Together at IISc Bengaluru to Accelerate energy Innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
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Indian automobile industry unlikely to recover in FY2021 from COVID19 impacts: CRISIL estimates
CRISIL estimates the Indian automobile industry, including components, to be less likely to recover in the financial year 2021 from the toll taken by the COVID19 outbreak. The rating firm noted the coronavirus outbreak might have two challenges. Earlier than anticipated closure of Regional...
Sunil Duggal appointed as Interim CEO of Vedanta Limited
Vedanta Limited has appointed Sunil Duggal as Interim Chief Executive Officer of the company. Srinivasan Venkatakrishnan will step down as CEO and Director of the Company with effect from 5th April 2020, for personal reasons. Sunil Duggal will take additional charge as Interim CEO of Vedanta...
Vedanta cuts aluminium ingot price for the fifth time in row
Vedanta’s aluminium ingot and billet price fell for a fifth straight day on Friday, March 27. With effect from March 27, the prices of some ingots were in the range of INR 128,500-141,500 per tonne, down from INR 131,750-144,750 per tonne on March 24. The price of billet stood at INR 136,500 per...
Amid “Corona” spread-out: Nalco's Angul Aluminium smelter runs smoothly with adequate supply of coal stock
The Indian state-owned National Aluminium Company (Nalco), has overcome the supply interruptions with sufficient coal stocks stacked up at the site of its smelting complex at Angul. Nalco’s aluminium smelter can produce 0.46 million tonnes and it is carrying out its uninterrupted operations. The...
Hindalco cuts its aluminium ingot price by INR 3,500/t with effect from March 27
Hindalco Industries Limited has cut the prices of its aluminium ingots, wire rods, and billets for the fifth time in a row. With effect from March 27, the price for Hindalco aluminium ingots now stands at INR 131,000 per tonne, a drop of 2.6% or INR 3,500 per tonne from INR 134,500 per tonne on...
India’s import of aluminium scrap from the US stands 25.46% higher in 2019
The US exports of aluminium scrap have been declining month-on-month. Exports stood at 140,000 tonnes in December 2019, with a year-on-year decrease of 16.17%, according to the latest report from the US Geological Survey. Exports dropped by 7.28% from November’s export of 151,000 tonnes and 10.83%...
GEA wins the contract to deliver third evaporator line for Utkal Alumina in India
GEA has secured a follow-up contract from Utkal Alumina, a 100% subsidiary of Aditya Birla Group Company Hindalco to build a third line of multi-stage falling film evaporators. GEA, the world-renowned state-of-art evaporation technology provider has already supplied the first two evaporator lines...
The “Corona” crisis: Hindalco Industries temporarily curtails operations
The world's largest aluminium rolling company and one of biggest producers of primary aluminium in Asia, Hindalco, has temporarily closed down or curtailed operations of some of the Aluminium production facilities, following the directives of the state governments due to COVID-19. The minimized...
Vedanta cuts its aluminium ingot price by 2%
Vedanta has cut the prices of its aluminium ingots and billets for the fourth time in a row. With effect from March 24, the prices of some ingots are in the range of INR 131,750-144,750 per tonne, down from INR 134,250-147,250 per tonne on March 19. The company is now selling its billet at INR...
Hindalco reduces its aluminium ingot price by 2% with effect from March 24
Hindalco Industries Limited has dropped the prices of its aluminium ingots by 1.65%, the fourth consecutive cut in price. With effect from March 24, the price for Hindalco aluminium ingots now stands at INR 134,500 per tonne, from INR 136,750 per tonne, on March 19. The prices of wire rods and...
Hindalco cuts its aluminium ingot price by 1.26% with effect from March 19
Hindalco Industries Limited has reduced the prices of its aluminium ingots by 1.26%. With effect from March 19, the price for Hindalco aluminium ingots now stands at INR 136,750 per tonne, from INR 138,500 per tonne on March 18. This is the third time in a row that the company has dropped the...
Metal packaging company Technocap partners with Oricon to debut in India
One of the global giants in the metal packaging industry, Technocap, is reportedly forming a partnership company with an Indian group Oricon, in an attempt to debut in the Indian market. According to the report, the new joint venture named Technocap Oriental will be based in Mumbai. 75 per cent of...
The gradual recovery of Bangladeshi aluminium import market during 2017-20
The economy of Bangladesh is a developing market economy and it the 39 th largest in the world in nominal terms, and 29 th largest by purchasing power parity. It is classified among the Next Eleven emerging market middle income economies and a frontier market. In the first quarter of 2019,...
“Corona-virus” outbreak in Italy halts the manufacturing process of aluminium-body Pune Metro coaches: Titagarh Firema S.P.A.
Titagarh Wagons of India, the major stakeholder of Italy’s Titagarh Firema S.P.A., has announced the deferment of the inauguration of manufacturing the prototype of the new aluminium-bodied Pune Metro coaches. The plant operation has been suspended due to the COVID-19 outbreak in Italy. The...
Hindalco hikes its aluminium ingot price by 1.79% with effect from March 14
Hindalco Ltd has raised prices of its aluminium ingots by 1.79% from Friday. With effect from March 14, the price for Hindalco aluminium ingots now stands at INR 142,500 per tonne, from INR 140,000 per tonne on March 13. The company has hiked aluminium ingot price after cutting the price of the...
The US exports of aluminium scrap rise 7.5% in Jan-Nov; Exports to India soars 23.71%
The US exports of aluminium scrap stood at 151,000 tonnes in November 2019, with a year-on-year decrease of 14.2%, according to the latest report from the US Geological Survey. Exports dropped by 3.82% from October’s export volume of 157,000 tonnes and 2.58% from September’s export volume of...
IOC is looking to set up an aluminium-air batteries factory in India
India’s largest fuel retailer Indian Oil Corporation (IOC), after joining hands with Israel-based start-up Phinergy early last month for developing aluminium-air batteries for electric vehicles, is now looking to set up a factory in India. Both Indian Oil Corporation and Phinergy are in talks with...
Vedanta’s Lanjigarh Alumina refinery expects upswing in production to 1.8 MT in 2019-20
On 12 th March’20, Vedanta Ltd made public that Lanjigarh Alumina refinery is expecting to upswing its production to 1.8 million tonnes in 2019-20. This is followed after significant development in operating efficiencies. The Lanjigarh refinery in Odisha stood with 1.5 million tonnes of production...
